Very straight forward here and I see no other outcome right now, moving very well in this channel and I particularly like how Wave 3 hit the 1.618 Fib at $69 and then pulled back and is looking to test the 200 Day MA now.
As always in this structure, we then look to the 2 Fib to set Wave 5. So that is at $82, at the top of the trend line again.
So watch for a hold of support on the 200 Day MA, if not, the trend line again can be just as effective, as long as the price stays in this upward channel, it can move higher.
iTurp
2023-11-30 21:25:48 +0000 UTC